Later Living Accommodation Has Key Role To Play In Alleviating Housing Crisis

The key to alleviating the pressure on the housing market is better development of later living accommodation, a new survey has shown, but this will not be achieved without bold action being taken at a local and regional level. In Nottingham and Leicester alone, the number of over-65s is predicted to increase by over 19,000 by 2027, making this demographic account for 13.5 percent of the cities’ total populations. Just 4,000 specific retirement properties were built in the East Midlands between 2009 and 2018. Research undertaken by law firm Shakespeare Martineau and the Housing LIN, revealed that a re-think of the UK’s later living sector is urgently needed in the East Midlands to address this significant shortfall. Read more on the East Midlands Business Link website.

https://www.eastmidlandsbusinesslink.co.uk/mag/property/later-living-accommodation-has-key-role-to-play-in-alleviating-east-midlands-housing-crisis/